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Fair Value Disclosure
3 Months Ended
Apr. 01, 2017
Fair Value Disclosures [Abstract]  
Fair Value Disclosure
Fair Value Disclosure
To determine the fair value of our mortgage, we use a discounted cash flow model. We believe the mortgage fair value valuation to be Level 2 in the fair value hierarchy, as the valuation model has inputs that are observable for substantially the full term of the liability. As of April 1, 2017, the carrying amount and fair value of our mortgage was $99.4 million and $102.7 million, respectively. The difference between the book value and the fair value is derived from the difference between the period-end market interest rate and the stated rate of our fixed-rate mortgage. The fair value of our debt is not indicative of the amounts at which we could settle our debt.